The Future of Housing Demand: 4 Key Demographic Trends

hi dudes i like generation x

bee of OH 10:17AM September 27, 2011

The next change will include the major move to apartment and condominium complexes that will be made attractive to the Gen X bunch. The "Great American Dream" perpetrated by our 'friends' in Congress through Fannie and Freddie, is DOA, and will not be heard much from the next set of campaigners in 2012 and beyond. Look for the Genx'ers in USA to began (God forbid!) to drift toward a European lifestyle, with high rise apartments, day care centers, and active intra urban living. I don't expect suburban housing values to ever recover to reasonable levels, and the cost of new construction will be exorbitant. The idea of being in debt for life to a mortgage company or for that matter to your credit cards, will be the lesson of the times, although not all will learn from it. The Paradigm is changing. IMO

Harve of OK 8:39AM April 23, 2011

It is so funny how the Generation that is actually paying for the debt right now and the generation that has been hit the hardest by the stupidity and greed of the baby boomers is not mentioned. Generation X is the only hope this country has of coming out of this crisis alive and few if any people mention them. The generation has the greatest minds and most stable work ethic but no one gives them a thought because they do not flaunt themselves in the spotlight like the other fools in generation Y and the baby boomers how being past there prime beg for the protection of their social security but want afford it for their grandchildren. They are the generation that should be ashamed of themselves they have destroyed America.

Nathan King of IL 11:40AM January 10, 2011

Why would anyone want to rent?

Perhaps b/c its less stressful then owning a home and all the issues that come along with it (its nice knowing if something breaks down in my apt I can call the main office and get it fixed immediately for free.

When you own Real Estate you get tax write offs, pride of ownership & the ability to build wealth when the market turns.

That tax-write off is never as good as people think since almost everyone ignores the standard deduction they'll no longer get when you itemize to capture the mortgage interest.

Pride in ownership? You have to be kidding, this is such an antiquated notion, and frankly after the last 3 years, I think more people take pride in renting and having a flush bank/investment account. I'd rather build wealth thru the market where I can realize profits nimbly, as opposed to the paper profits (if any) that come with homeownership.

Real Estate values will bottom out & recover. This Real Estate market will be a distant memory within 5 years and many people will talk about the opportunity that got away.

Debatable, while I agree its a good time to buy under certain conditions (particularly if you have a family with older kids so you need the space and not a lot of 3/3 rental inventory), this economy is showing that being geographically flexible is critical, and anchoring yourself to a home (unless you fit into that demographic that needs it) may not be a great idea. Not to mention give how reckless our govt is being with national deficit/debt, I think its a decent chance interest rates start heading up by 2011, which will impact home prices (if you intend on living in the house for a long time, buying in 2010 isn't a issue since short-term price volatility is irrelevent).

Derek of FL 11:41PM February 20, 2010